Tweet Convicted terrorist Omar Khadr has been sentenced to 40 years in prison by a U.S. military tribunal at Guantanamo Bay. Under a plea agreement he will serve eight years in prison. Khadr may apply to serve the remainder of his sentence in Canada after one year. The government is not obliged to agree to […]
Tweet Canada has introduced new immigration legislation to further criminalize the smuggling of foreign nationals into Canada, particularly where there may be a connection to terrorist financing. The Preventing Human Smugglers from Abusing Canada’s Immigration System Act (Bill C-49) gives the Minister of Public Safety the competence to designate the arrival of a group of foreign […]
Tweet The U.S. Financial Crimes Enforcement Network (FinCEN), has published proposed regulations that would require banks and money services businesses to report cross-border electronic transfers of funds (called CBETFs). Banks would have to report all CBETFs of any amount to FinCEN within five days. Money services businesses would be required to report amounts of US$1,000 […]
Tweet Three Canadian citizens, Hiva Mohammad Alizadeh, 30 and Misbahuddin Ahmed, 26, both of Ottawa and Khurram Syed Sher, 28, of London, Ont., have been charged in an alleged terrorism plot in Canada. Alizadeh, the alleged ring-leader of the group, is also charged with terrorist financing for allegedly making property or financial services available to […]
Tweet The European Parliament approved a five-year agreement with the U.S. for the transfer of financial and other information collected by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to the U.S. SWIFT is a Belgium-based financial messaging company that operates a financial transfer network used by 8,000 financial institutions in over 200 countries. The network […]
Tweet Canada needs to improve its anti-money laundering efforts in several areas, according to the 2010 Money Laundering Report published by the U.S. Department of State. Canada was among 61 countries identified as major money laundering countries in 2009. Others include Afghanistan, Austria, Brazil, Cayman Islands, China, Greece, India, Iran, Italy, Lebanon, Lichtenstein, Mexico, Pakistan, […]
Tweet A former refugee from Sri Lanka, Prapaharan Thambithurai, pleaded guilty to terrorist financing in British Columbia Supreme Court and received a lenient six-month sentence today. He is the first person in Canada charged with terrorist financing under Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Thambithurai admitted raising funds for the Liberation Tigers […]
Tweet According to a report by Foreign Policy, Al-Qaeda has been financially weakened by international efforts to combat terrorist financing but the Taliban still has plenty of money. The news stems from a talk given by David Cohen, the assistant treasury secretary for terrorist financing, at the Washington Institute for Near East Policy. Al-Qaeda groups […]